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mpt in Progress On May 10, 2023, Pharoah Co. enters into a contract to deliver a product to Coronado Inc. on June 15, 2023.
mpt in Progress On May 10, 2023, Pharoah Co. enters into a contract to deliver a product to Coronado Inc. on June 15, 2023. Coronado agrees to pay the full price of $1,850 on July 15, 2023. The cost of goods is $1,110. Pharoah delivers the product to Coronado on June 15, 2023, and receives payment on July 15, 2023. Prepare the journal entries for Pharoah related to this contract. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date TrialBalance.xlsx Account Titles and Explanation (To record sales) Debit ActRecDet (2).xlsx ActRecDet (1).xlsx x ActRecDet.xlsx < Credit X PurOrder.xlsx
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